what are the applications of linear programming in business and indusry?

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what are the applications of linear programming in business and indusry?

under quantitative techniques

2007-03-17 19:51:40 · 2 answers · asked by jim 1 in Science & Mathematics ➔ Mathematics

2 answers

Generally optimization problems. Just one example: you run a shipping company and want to know the shortest path to get from your factory to the warehouse. Linear programming can give you a very good solution, although sometimes it is approximate.

2007-03-17 19:56:44 · answer #1 · answered by Tony Z 2 · 0⤊ 0⤋

Linear programming problems help out 2 determine how much profit u will earn in ur investments as well as it helps u to get maximum profit in minimum investments

2007-03-17 21:30:06 · answer #2 · answered by Simran 3 · 1⤊ 0⤋